RE: Excellent Update9 Jul 2024 06:50
Re their corporate update they were planning/expecting to raise for future growth and to pay down debt which I take it is what yesterdays RNS was describing?
"The Company notes that it has produced 1,153oz, averaging 230 oz of gold per month, from the Homase Mime in 2024 to date, and the Board believes the Fundraise provides sufficient working capital to continue production at at least this rate over the coming months. The Company may, in due course, seek to raise additional capital to support increasing its rate of production, to support additional exploration activities to increase the Company's resource base and to reduce creditors."